DAILY AGRI COMMODITY REPORT

22 December 2015

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Market Views
MONTH

OPEN

HIGH

LOW

CLOSE

% CHG

VOL

MONTH

OPEN

CORIANDER

JAN

8590

8800

8440

SUPPORT

SUPP.1

SUPP. 2

8400

8240.3

8561

PIVOT

INTRADAY
LEVELS

8600.3
RESISTAN
CE

RES. 1

RES. 2

8760.6

8960.3

HIGH

10630

10660

10144

SUPPORT

SUPP. 1

SUPP. 2

9972

9800

10144

10316
RESISTAN
CE

RES. 1

RES. 2

10488

10832

% CHG

VOL

+0.23%

5790

Coriander short term

trend is bearish and May
continue in coming
days.

JAN

3882

3894

3733

SUPPORT

SUPP. 1

SUPP. 2

3713.3

3642.6

3784

-2.67

101080

INTRADAY

PIVOT

LEVELS

3803.6
RESISTAN
CE

RES. 1

RES. 2

3874.3

3964.6

Castorseed short term

trend is bullish and
May continue in
coming day.

GUARGUM

PIVOT

INTRADAY
LEVELS

CLOSE

CASTORSEED

TURMERIC

APR

LOW

-3.99%

10210

Turmeric short term

trend is bearish and
May continue in
coming days.

JAN

6180

6400

6180

SUPPORT

SUPP. 1

SUPP. 2

6226.6

6093.6

6360

PIVOT

INTRADAY
LEVELS

6203
RESISTAN
CE

RES. 1

RES. 2

6446.6

6533.3

+2.91%

13891

Guargum short term

trend is bullish and
May continue in
coming days.

Most Active Contract

TOP LOSERS

NCDEX INDICES

SYMBOL

EXPIRY DATE

CURRENT
PRICE

CHANGE

CHANGE
%

SOYABEAN

20-01-2016

3833.00

173.00

4.73%

COTTON SEED OIL

CAKE AKOLA

20-01-2016

1993.00

80.00

20-01-2016

4899.00

98.00

2.04%

BARLEY

20-01-2016

1404.50

24.00

1.74%

TOP GAINERS
EXPIRY DATE

CURRENT
PRICE

MENTHAOIL

31-12-2015

890.60

CHANGE CHANGE %

-12.80

Value

Pre.
Close

%
Change

CASTORSEED

3882

3888

-2.67

CHANA

4846

4899

+1.07

CORIANDER

8561

10598

+0.23

GUARGUM

6180

6360

+2.91

JEERA

14660

14335

-2.08

MUSTARD
SEED

4585

4550

-0.22

SOYABEAN

3827

3833

-+1.08

TURMERIC

10630

10566

-3.99

4.18%

CHANA

SYMBOL

Index

-1.42%

CRUDEOIL MINI

19-01-2016

2397.00

-30.00

-1.24%

CRUDE OIL

19-01-2016

2398.00

-28.00

-1.15%

CARDAMOM

15-01-2016

713.00

-6.10

-0.85%

MENTHAOIL

31-12-2015

890.60

-12.80

-1.42%

Commodities In News
ECONOMIC NEWS

Chana continued trading with sideways note amid lack of

demand in major mandis. Cheaper availability of vegetables
during the winter season prevented the scope of any recovery.
Speaking about the current scenario traders anticipate the
exports and the domestic demand to pick during the winter
season which can lend support to the prices. Prospects of cooler
winter especially in North and North-West India could lead to
possibilities of a higher demand especially from the
pharmaceutical Industries. Falling Rupee could add further to the
export demand.
Guar gum markets paved a bullish path on Friday. Prices have
gone down sharply and at current levels most processors were
interested for fresh deals. Futures traded with upward bias
against technically oversold situation. However there has been
no strong recovery on the export front. That may keep the
uptrend limited for the time being. Falling Crude Oil prices kept
export demand on the lower side. But sources do indicate the
downtrend too may be limited at these lower levels.
Sentiments in edible oils currently remain weak due to
negative tone in crude oil and US senate refusing to give tax
credit to bio diesel plants. However long term prospects are
bright therefore the downside may remain capped during
remaining part of December.

Agriculture focused Group (ABLE- AG), a non-profit organisation

representing the Bt cotton seed producers today expressed serious
concern with regards to the recent decision by the Ministry of
Agriculture and Farmers Welfare, Government of India to regulate
the maximum sale price of cotton seeds in the country. ABLE-AG is
an association of 13 leading technology provider, seed and
biotechnology companies focused on research. The order also aims
to control the licence fee, royalty trait fee and licensing terms on
which technology providers make available innovative technologies
for the benefit of Indian cotton farmers through cotton seed
companies on extensively negotiated terms set out in mutually
agreed bilateral private contracts. ABLE-AG also questioned the
decision making process that involved no prior information.
Commenting on the issue, Ram Kaundinya, director general, ABLEAG said, "Being an association committed to the improvement of
Indian agriculture through biotechnology, we strongly oppose the
order and the manner in which it was adopted. While a part of the
order seeks to determine MRP of cotton seed under the Essential
Commodities Act, it surprisingly extends to fixing a component
thereof associated with innovation. We believe such a step hampers
confidence in making investments in innovative research &
development and is contrary to the Government's 'Make in India'
campaign and impacts ease of doing business. We have also written
to concerned ministries sharing our views in this regard."

Fundamental Watch : Chana

National Market Update
Area under Rabi pulses throughout the country stood 123.70 lakh hectares
as on 18th December this year, around 1.2% higher when compared to the area
sown during corresponding period last year which was 122.26 Lakh hectares
Chana area till date (as on 18.12.2015) was registered at 79.17 Lakh Ha
which was around 4% higher than the last year in the corresponding period.
.Last year it was 75.82 Lakh ha. Till date sowing area of Chana in
Maharashtra, Andhra Pradesh and Karnataka has increased whereas in
Rajasthan and Madhya Pradesh it has decreased as compare to last year.

Peas area till date (as on 18.12.2015) was registered at 9.42 Lakh Ha which
was around 3% lower than the last year in the corresponding period. .Last year
it was 9.73 Lakh ha. Peas Sowing Area in Madhya Pradesh till date has
increased by 60% this year as compare to last year from 2.78 Lakh Ha to 4.45
Lakh Ha.
Rabi Urad area till date (as on 18.12.2015) was registered at 5.61 Lakh Ha
which was around 9% higher than the last year in the corresponding period.
.Last year it was 5.16 Lakh ha. Urad area in Andhra Pradesh has increased
from 1.66 to 2.52 Lakh ha this year as on date due to higher domestic prices.

According to latest report released by Ministry of Agriculture, Lentil area

till date (as on 18.12.2015) was registered at 12.61 Lakh Ha which was around
13% lower than the last year in the corresponding period. Last year it was
14.46 Lakh ha.

CHANA PRICES AT KEY SPOT MARKET

CENTER

21-Dec-15

19-Dec-15

Change

DELHI

22

35

-13

AJMER

250

125

125

BHIND

25

NA

JHANSI

400

250

150

PIPARIYA

1000

500

500

BUNDI

100

NA

KEKRI

1200

500

700

Technical Outlook

SELL CORIANDER JAN BELOW 8530 TARGET 8485 8335 SL

ABOVE 8595

SELL TURMERIC APRIL BELOW 10130 TARGET 10086 10026 SL

ABOVE 10190

BUY GUARGUM JAN ABOVE 6400 TARGET 6450 6520 SL

BELOW 6340

BUY CASTORSEED JAN ABOVE 3845 TARGET 3870 3900 SL

BELOW 3820

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